The country’s fears of losing substantial domestic revenue through the devastating impact of the coronavirus pandemic has been worsened as Bank of Ghana data shows only about 18 percent of oil revenue target was realized in the first quarter of this year.
According to the Fiscal Development Report (May 2020),...
GH¢490m earned in 17 days
GH¢1bn projected for June
The Ghana Revenue Authority has said the state has lost no revenue since the introduction of the Integrated Customs Management System (ICUMS), but rather, the authority has had its revenue projections on target even with the teething problems that greeted...
The President of the Chartered Institute of Bankers (CIB) Ghana, Patricia Sappor, has said that banks are aggressively driving their digital products and service to help government move the economy from a cash-based system into one that is near cashless or at least, cash-lite.
She emphasised that whilst banks are...
Shandong Gold Mining Co, one of China’s biggest gold producers, said on Thursday it would buy Ghana-focused miner Cardinal Resources Ltd for around A$321 million ($221 million) in cash.
The deal continues a recent M&A flurry by Chinese gold firms after spot prices for the precious metal hit their highest...
The Ghana Stock Exchange (GSE) has expelled Liberty Securities Limited and First Atlantic Brokerage Limited from membership of the Exchange. Their expulsion means that they cease to be Licenced Dealing Members (LDM) of the Exchange.
A release from the GSE added that these two brokerage firms are no longer allowed to...
Huawei’s Chief Financial Officer, Meng Wanzhou, is raising a new argument in a Canadian court in a bid to fight extradition to the United States on bank fraud charges, court documents released on Monday showed. Meng’s lawyers claim the case that the United States submitted to Canada is “so...
Food Outlook report assesses global supply and demand for major food commodities
Food markets will face many more months of uncertainty due to COVID-19, but the agri-food sector is likely to show more resilience to the pandemic crisis than other sectors, according to a new report released by the Food...
The annual Grand Prix Awards, which were held on 11 June 2020, in South Africa recognise the best performing dealers in the Volkswagen Brand.
This year’s ceremony themed, ‘Made to Move You’ was slightly different. For the first time in the history of the Grand Prix Awards, the ceremony was...